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A place for friends to gather and view stock market charts, discuss technical analysis and market outlook. What is your Principal Asset? How can it be developed? Each and all should do their own due dilligence and homework before investing. And by no means should you use anything I say or show here as a sole basis to buy or sell securities as everything is for educational experience only.

Thursday, February 6, 2014


There is little support and a lot of white space between the current level and the 200 Day EMA Purple line. Bottom line is if the market cannot hold the low of yesterday 1737.92 it could get very ugly. Expect a bounce rally on Thursday and take the opportunity to lessen positions and sell into whatever strength there may be. Neutaral is a great position to be in till a discernable trend is established.

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